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OLD HAT

14th October 2022

By: Darlene Creamer

     

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There is limited room for any surprises as South Africa’s Finance Minister Enoch Godongwana, who is known for his many homburg hats, puts the final touches to his Medium-Term Budget Policy Statement, to be delivered on October 26. Indeed, the market also has a limited tolerance currently for surprises, as UK Chancellor of the Exchequer Kwasi Kwarteng can attest. Nevertheless, there is still an expectation that Godongwana may have something to announce as regards a debt-relief plan for Eskom.

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